Plymouth Rock Assurance can help you protect your unique vehicle with exotic, custom, collector or classic car insurance in New Jersey. We give you the freedom to protect several cars without paying more for your liability coverage in NJ. In addition to the essentials that come with any auto policy , you can take advantage of coverage available for lost or stolen spare parts or accessories, as well as towing coverage. Other options you may take advantage of include our various mileage plans, mileage rollover and special trip exception with advance notice! You can also purchase other types of insurance through our agent relationships and partnerships. Protect the important assets in your life with homeowners insurance and umbrella insurance. Fraud Center.
Comprehensive, collision, spare parts, and uninsured and underinsured motorist are also basic coverage options.
We're as passionate about cars as you are. Our deep knowledge of cars and their owners allows us to offer you better classic car insurance coverage for less. Classic Car Insurance Classic car owners in New Jersey take great pride in their investment, whether they own one classic car or several. Here at Donnelly. Marine Agency offers comprehensive antique auto insurance including old & classic car insurance, as well as historic car coverage in NJ. Learn more now.
Auto memorabilia, such as collector license plates, hood ornaments, signs, and other historic or collectible linked item, can be added as a separate rider or policy. A classic car is generally defined as a motor vehicle that is of a collectible nature and is considered rare due to its limited production, exceptionally fine quality, or has a special historical application.
An antique automobile is a motor vehicle that is at least 25 years old.
When it comes to your classic car, a regular auto policy does not suffice. While most cars depreciate as they age, a classic or collector car appreciates in value. Some might even call owning classic cars a passion. These cars also happen to be major investments of time, money, and love. We know New Jersey and have. NJM offers classic and collector car insurance for New Jersey residents through our partnership with American Modern Insurance Group. Get your free quote.
Your regular auto insurance is similar to antique car insurance, but with a few important differences. These differences include agreed value, tiered mileage plans options, and the types of vehicles excluded.
Regular vehicles depreciate and lose their value over time.
Antique car insurance nj
Classic and antiques cars are a different story. Many keep or even increase their value over time. Progressive offers insurance for classic cars on its own, while Geico operates through American Modern.
Companies like Hagerty advertise cheap classic car insurance too. Safeco is not the best regular auto insurance company per our analysisbut it offers excellent terms if you plan to use your classic car on a regular basis.
Who Has The Best Classic and Collector Car Insurance?
The company allows up to 10, miles yearly of regular use, which is roughly equivalent to what most drivers cover with their standard vehicles. On the other hand, Safeco has more stringent criteria when selecting which vehicles qualify for this type of insurance program, requiring them to be at least 10 years old.
American Modern is also a great choice for customers who plan to use their classic car often. Hagerty provides the best classic car insurance if the vehicle is under restoration. Besides the difference in insuring a vehicle up to its guaranteed agreed value, classic car insurance works in a similar manner to regular car insurance.
Additionally, many companies will offer the most common optional coverage available for regular cars and some designed especially for collectible cars. These include the following: Personal Property Coverage — In case your personal belongings are stolen from your vehicle or damaged in an accident, this option will cover the expenses. Roadside Assistance — If your vehicle breaks down, this coverage can help. It includes towing, battery jumps, tire replacement, locksmith assistance, and other similar services.
This is especially useful for antique car insurancesince older cars are not built to be as reliable as newer cars.
Pet Coverage — This option covers veterinary expenses in case your furry friend was injured in an accident. It also covers costs associated with its passing if the worst happens. No Attendance Coverage — This is an option designed for collector car insurance. It extends the coverage to a vehicle that you are not attending or is not in your care and custody.
It is used to protect you during car shows, parade laps, and similar events. Spare Parts Coverage — Backup parts for collector parts can be expensive and hard to come by. This option covers them up to an agreed value in case they are damaged or stolen.
There are many categories of collector car insurancedepending on the type of vehicle you want to protect.Collector Car Insurance That Cares (American Collectors)
Not all insurers are this tolerant, however. Most of them will accept these types of vehicles: These are stock vehicles that are considered valuable and collectible and are usually older than 25 years.
Hagerty, for example, sets the limit at the year Shelby Cobra, Ford Mustang, Charlotte Corvette, and Dodge Charger all have classic models that are the perfect example of what many collector car insurance companies would take.
However, if the vehicle had an extensive modification or is a replica of an older car on a newer chassis, you will have to look for classic car insurance. This custom hot rod with a lavish paint job requires modified car insurance.
Protecting Your Classic with Coverage from SB One Insurance Agency. Those who are fortunate enough to possess antique, classic or collectors cars aren't just . This comprehensive guide on Collector Car Insurance gives you all the info you need about best classic car insurance, whether you are looking for low rates. Plymouth Rock Assurance offers New Jersey classic car insurance and help getting quotes on insuring collector, historic, and custom cars.
This coverage is designed for either street-legal or non-street-legal race cars. The most common coverage protects the vehicle from any damage while it is resting in storage or being driven in a trailer to a race track. There is also an option to cover vehicles during short drives or parade laps. Coverage for a car during a race is more expensive, and the policy is event-based, meaning you are purchasing insurance just for a single race.
All of the best collector car insurance companies will offer this option.
Insurance for race cars is bought for each event separately. This is the insurance for cars that are newer made after or less than 25 years old, depending on the insurer but still have a high value, such as supercars, exotic cars, and limited or special edition models. If you saved an old vehicle from the scrap pile and you are in the process of bringing it to its former glory, this is the coverage to get.
These cars also happen to be major investments of time, money, and love. We know New Jersey and have served the community well for more than 50 years. During these 50 years we have offered coverage for all kinds of passions, from classic or antique cars to boats, homes, motorcycles, and so much more. We believe that one of the most important ways we serve our community is by an independent professional insurance agent that delivers personal service every single time.
The difference between standard auto insurance and classic and antique car insurance is quite significant. Traditional auto insurance coverage values cars according to their age and not, necessarily, their condition. Classic and antique car insurance takes into account the amount of money invested in the act of restoring the car to its former glory.
At the same time, you cannot use this work of art as your primary vehicle.